7 years ago
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Kansas Tried a Tax Plan Similar to Trump’s. It Failed
The state’s experiment with tax cuts on so-called pass-through entities did not heat up its economy — but did help some very rich people. By Jim Tankersley.
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https://www.nytimes.com
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It did not fail. It funneled money to rich people, that's what it was designed to do in the first place.
Then the state's finances collapsed. So business costs that'd been shifted to government weren't being covered. Remember, 'free enterprise' means profits are private while costs and losses are socialized. Aside from Gov. Brownback, even Kansas Republicans know what an empty treasury means.